new car Archives | Be Korea-savvy

60-somethings Lead in New Car Registrations in H1: Data

SEOUL, July 6 (Korea Bizwire) — Compared to other age groups, individuals in their 60s experienced the highest growth in the number of new car registrations during the first half of this year, indicating a strong demand for the establishment of new businesses with limited capital. According to local market tracker CarIsYou, the number of [...]

New Car Allocation Seen as Key to Survival of GM Korea

SEOUL, Feb. 20 (Korea Bizwire) — Securing meaningful production volume of a new vehicle model will be a critical factor in GM Korea Co.’s continuing presence in South Korea, industry sources said Tuesday. Last week, the local carmaker’s parent, General Motors Co., announced it will shut down its underutilized plant in Gunsan, one of the [...]